Alvopetro Energy (CVE:ALV) Reaches New 12-Month High – Should You Buy?

Alvopetro Energy Ltd. (CVE:ALV) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$11.10 and last traded at C$10.96, with a volume of 22682 shares trading hands. The stock had previously closed at C$10.72.

Alvopetro Energy Trading Up 0.1%

The company has a quick ratio of 1.95, a current ratio of 1.47 and a debt-to-equity ratio of 24.57. The stock has a market capitalization of C$414.12 million, a P/E ratio of 15.00 and a beta of -0.75. The company has a fifty day simple moving average of C$9.83 and a two-hundred day simple moving average of C$9.08.

Insider Activity at Alvopetro Energy

In other news, insider Adrian Audet sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of C$9.00, for a total value of C$45,000.00. Following the completion of the transaction, the insider owned 134,179 shares in the company, valued at C$1,207,611. This represents a 3.59% decrease in their ownership of the stock. Also, Director Corey Christopher Ruttan sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$9.90, for a total transaction of C$148,500.00. Following the sale, the director owned 913,583 shares in the company, valued at approximately C$9,044,471.70. The trade was a 1.62% decrease in their ownership of the stock. Insiders have sold a total of 59,100 shares of company stock worth $565,092 over the last 90 days. Corporate insiders own 19.35% of the company’s stock.

About Alvopetro Energy

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil. Alvopetro Energy Ltd. was incorporated in 2013 and is headquartered in Calgary, Canada.